According to Morningstar, they handled 100 less loans in the month of August. that’s the largest one month decline ever.
How is this explained? Successful work outs of liquidators of the paper?
Additionally data also shows that the volume of loans than are more than 30 days delinquent dipped for the 3rd straight month Morningstar reported that nearly 7 billion of loans were modified in August.
Is there a consensus that deals are getting worked out better?